Snowflake Inc

SNOW is in a Stage 3 distribution regime with a bearish double top at prior highs, signaling fading buying momentum. Medium-term bias is bearish, reinforced by flattening EMAs acting as resistance. Short-term timing is unfavorable for long entries as price pulls back into the 9-EMA/21-EMA zone. We will sell now on further rejection at the EMA resistance area. Key risks include a false upside breakout above the distribution zone and temporary stabilization around EMAs.

• ↑Product revenue grew 34% YoY to $1.334B in Q1FY27
• ↑Added 616 net new customers (+38% YoY), driving NRR to 126%
• ↓Negative earnings yield indicates unprofitable operations and high valuation risk